Amalgamated Bank Lowers Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Amalgamated Bank reduced its position in JetBlue Airways Co. (NASDAQ:JBLU) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,642 shares of the transportation company’s stock after selling 12,670 shares during the quarter. Amalgamated Bank’s holdings in JetBlue Airways were worth $581,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. increased its stake in shares of JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after acquiring an additional 1,430,622 shares during the period. American Century Companies Inc. increased its position in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $5,311,000. Donald Smith & CO. Inc. lifted its holdings in shares of JetBlue Airways by 6.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after buying an additional 805,404 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of JetBlue Airways by 1,932.3% in the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock valued at $3,586,000 after buying an additional 559,917 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna increased their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Citigroup increased their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research note on Friday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Trading Down 0.7 %

Shares of JetBlue Airways stock opened at $7.06 on Friday. The business has a 50 day moving average price of $6.44 and a 200 day moving average price of $5.90. The company has a market capitalization of $2.45 billion, a P/E ratio of -2.81 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. JetBlue Airways Co. has a 1 year low of $4.09 and a 1 year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.39) earnings per share. Sell-side analysts anticipate that JetBlue Airways Co. will post -0.94 EPS for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.